It is revealed that the auto battery business is split and listed, and Xinwangda is about to take off?

With the rapid growth of new energy vehicles , The increasingly fierce competition in the power battery market has also attracted a lot of attention .

6 month 21 Japan , The media learned from the source , At the end of last year, Xinwangda launched the plan of splitting and listing the automotive power battery business , Its subsidiary Xinwangda Electric Vehicle Battery Co., Ltd （“ Xinwangda EVB”） Will be listed as an independent company , expect 2023-2024 Submitted in IPO, And Xinwangda EVB Looking for a new round of financing , The amount is expected to exceed 30 One hundred million yuan , The valuation 200 One hundred million yuan .

Regarding this , The relevant person of Xinwangda Securities Department responded that , No news has been received so far , Subject to the announcement . But there's no denying it , With the gradual development of Xinwangda , Spin off and listing may also be the only way .

Xinwangda was founded in 1997 year , In the early days, he was mainly engaged in the consumption of batteries Pack Business , The formal entry into the field of automotive power batteries is 2008 In, Xinwangda established Automobile Power Battery Co., Ltd , Xinwangda EVB Later on , And then in 2015 Power cell research institute was established in , Developed the energy storage market .

at present , Xinwangda's main businesses include 3C Consumer battery products 、 Intelligent terminal products 、 Automotive power battery 、 Energy storage systems and integrated energy services 、 Automation and intelligent manufacturing 、 Laboratory testing services .

As the first enterprise on the growth enterprise market, the company has “ Overall research and development of lithium battery module 、 Manufacturing and sales ” Listed companies , Xinwangda has achieved rapid development in recent years . data display ,2012 year -2021 year , Xinwangda's operating income is from 14.1 Billion yuan has increased to 373.6 One hundred million yuan , Compound annual growth 43.9%; The net profit returned to the parent company also came from 0.7 Billion yuan to 9.2 One hundred million yuan , Compound annual growth 32.8%.

But here's the thing , Xinwangda's revenue of electric vehicle batteries last year was 29.3 One hundred million yuan , Revenue share only 7.9%, And net loss 10.6 One hundred million yuan . In this case , This year, 2 month , Xinwangda EVB Still received from Dongfeng 、 saic 、 GAC 、 Wei to 、 Ideal 、 Xiaopeng and so on 19 Of the enterprises 24.3 Billion investment , only “ Wei Xiaoli ” The investment of the three auto companies reached 10.5 One hundred million yuan .

After this , Last year, the domestic market share was only 1.3% Xinwanda , It has also become a new star in the automotive battery industry , It has become a bet by many car companies “ Lucky dog ”. Of course , This luck is also inseparable from the consideration of supply risk and the layout of Xinwangda for many years .

in fact , In Ningde times, it publicly stated that it only accepts two supply modes, namely, production line purchase and a large amount of deposit to lock orders “ Overlord provision ” after , Excellent technology 、 Xinwangda, which is rich in products, has become the common choice of most car companies .

It is reported that , Xinwangda's power battery products focus on square aluminum shell cells , covers BEV、HEV、48V And so on . among , Its BEV The product system covers the ternary material system with long endurance and high energy density ratio and the lithium iron phosphate material system with low cost and long service life , Be able to do differentiated performance development according to different market segments .

HEV market , Xinwanda's HEV Products in the 2019 Renault in - After Nissan fixed point , And successively obtained GAC passenger cars in China 、 Shanghai automotive industry corporation 、 SAIC GM Wuling 、 Fixed point of Dongfeng Liuqi and other automobile enterprises , And with Dongfeng 、 Geely has set up a joint venture , Research and develop the cells, modules and related components of power batteries and energy storage batteries , To meet the east wind 、 Geely and its related parties' demand for automotive power batteries and energy storage batteries .

Previously, Liangrui, vice president of Xinwangda, said in an interview that , The company's goal is to achieve the top three power batteries in China .

According to the data of China Automotive Power Battery Industry Innovation Alliance , This year, 5 month , Loading capacity of Xinwangda power battery 0.54GWh, Market share 2.9%, Ranked fifth ;1-5 month , Cumulative loading volume of Xinwangda power battery 1.85GWh, Market share 2.23%, seventh .

In the short term , Xinwangda surpasses China Innovation airlines to achieve the top three goals , Maybe more realistic .

However, as the third largest enterprise in China in terms of shipment last year , China Innovation Airlines is also expanding in a large area , It is intended to share the growing cake in the field of power batteries . In terms of capacity layout , The existing capacity of China Innovation Airlines 18GWh, But it includes the completed 、 After the full capacity under construction and planning , All capacity of China Innovation airlines will reach 250GWh.

Regarding this , The production expansion plan of Xinwangda power battery business has also been put on the agenda . According to statistics , By 2021 end of the year , The capacity of Xinwangda power cell has exceeded 10GWh, To 2025 year , The planned landing capacity reaches 140GWh. But at the same time of capacity expansion , It also means a lot of capital investment .

6 month 17 Japan , Xinwangda announced that , Due to the needs of operation and business development , It is proposed to take the parcel number of Shiyan street, Bao'an District, Shenzhen, Guangdong Province as A726-0156 Industrial land , And the real estate formed by the subsequent Xinwangda lithium ion Intelligent Manufacturing Industrial Park project 、 Equipment as collateral , Applied to the bank for no more than 16 The project financing amount of billion yuan .

It is reported that , Rapidly expanding “ sequelae ” It brings high liabilities to Xinwangda . Last year's financial report showed , As of the end of the reporting period , Xinwangda's total liabilities for the whole year reached 288.8 One hundred million yuan , The total amount of current liabilities is 240.57 One hundred million yuan , Year-on-year growth 28.05%.

High debt and huge demand for capital , The separation and listing of Xinwangda automobile power battery business is not “ Weakness lends wings to rumours ”, But want to increase liquidity , It is not only an option to go public .

“ Xinwangda may now spin off its power battery subsidiary , With more capital , Or find a high profit track .” There are people in the industry “ Talk about it ” Express , If Xinwangda power battery subsidiary does not choose to be listed in the short term , Xinwangda's active battery recycling business also has great potential .

Beginning of the year , The Ministry of industry and information technology mentioned that the first wave of power lithium battery retirement in China is coming ,6 month , The Ministry of ecological environment and other seven departments have issued 《 Implementation plan for synergistic effect of pollution reduction and carbon reduction 》, It is proposed to strengthen resource recovery and comprehensive utilization , We will promote the recycling of new types of waste such as retired power batteries , The economic value of the power battery recycling market has become increasingly prominent .

The national energy administration has predicted , future 10 In, the scale of power battery recycling industry will reach 1648 One hundred million yuan , Or become a new hot industry . A market size of 100 billion , It also attracted the Ningde era 、 BYD 、 The entry of power battery enterprises such as GuoXuan high tech .

Xinwangda was early in 2018 year , They were shortlisted for battery recycling in Guangdong Province “ White list ”, Obtained the qualification of power battery recycling or echelon utilization , Became one of the first “ Regular army ”, This also means power battery recycling , Or it will be the best chance for Xinwangda to overtake at the curve .

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